iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 12-Month Low – Should You Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week low on Monday . The stock traded as low as $108.99 and last traded at $108.99, with a volume of 621049 shares trading hands. The stock had previously closed at $109.39.

iShares TIPS Bond ETF Trading Down 0.4%

The business has a fifty day simple moving average of $110.63 and a 200 day simple moving average of $110.59. The stock has a market capitalization of $14.42 billion, a P/E ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TIP. Western Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF in the 1st quarter valued at $691,000. Town Capital LLC purchased a new position in iShares TIPS Bond ETF during the 1st quarter worth $1,133,000. Stillwater Private Wealth LLC purchased a new position in iShares TIPS Bond ETF during the 1st quarter worth $3,374,000. Parallel Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 50,714 shares of the exchange traded fund’s stock worth $5,597,000 after acquiring an additional 857 shares in the last quarter. Finally, Blue Fin Capital Inc. grew its stake in shares of iShares TIPS Bond ETF by 3.9% in the 1st quarter. Blue Fin Capital Inc. now owns 15,607 shares of the exchange traded fund’s stock worth $1,722,000 after acquiring an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

About iShares TIPS Bond ETF

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.